Ethereum Developer Targeted by AI-Powered Wallet Hack

A recent incident involving Ethereum developer Zak Cole highlights the increasing threat of malicious browser extensions. A fake extension targeting his hot wallet drained funds over three days, exposing a vulnerability in how developers utilize testing wallets for security purposes. The attack, which affected Mr. Cole’s personal holdings and underscores the need to safeguard sensitive data effectively, has prompted calls for improved vetting processes for third-party tools within the crypto industry. Experts emphasize the importance of hardware wallet usage alongside other security best practices to prevent such incidents from recurring. Read More